Grid Scale Battery Market – Highlights
The global grid scale battery is expected to grow significantly by 2023 with a CAGR of more than ~32% in the forecast period due to increase investment in renewable energy, reducing costs of grid-scale battery. Additionally, companies involved in this taking R & D very seriously to ensure better operational efficiency throughout because of growing fleet competitors in market.
Grid scale battery is the energy stored electricity on large scale within electrical power grid. Grid scale battery technology is divided into UPS, T&D grid support and energy management. UPS as energy storage plays significant role in terms of frequency & power quality. T&D grid support uses the technique called as AGC (Automatic grid control) to balance generation and load. Energy management technique generally used in bulk power management. Inventions on this battery has done on wide scale on commercial basis to store energy during peak period and release when the consumption of power is less. According to energy storage news NEC to deliver 50MW of battery storage to UK, this will benefit the grid, the environment and ultimately the society. As per the application point of view energy storage supply for the projects will really help to wider renewable and clean energy Industries.
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The global Grid Scale Battery Market is further segmented in three namely by battery type, by power Generation and by application. Battery type further Sub-segmented as Lithium-ion batteries, flow batteries, Zinc-hybrid batteries, Sodium-Based Battery, Lithium-ion batteries is leading as these batteries are highly use in UPS having good efficiency. Power Generation is sub segmented into Power capacity or rating, Energy capacity, Power capacity is leading in this segment. Applications are Sub-divided as peak shaving, load shifting, renewable sources Integration, Backup power is fastest growing segment as most of the companies mostly rely on battery durability and amount of power supplied when power cut-off. Region is segmented into Europe, North America, Asia Pacific, Rest of the world. North America region is dominating in Grid Scale Battery Market due to government support and industries shifting towards renewable energy.
The major key player in global Grid Scale Battery Market are LG Chem (South Korea), Samsung (South Korea), Panasonic (Japan), Fluence (US), Tesla (US), GS Yuasa (Japan), BYD Company (China), S&C Electric (US), ABB (Switzerland), GE (US), Toshiba (Japan), Saft (France), and NGK Insulators (Japan).
Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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List Of Tables
Table 1 Global Grid Scale Battery Market: By Region, 2018-2023
Table 2 North America Grid Scale Battery Market: By Country, 2018-2023
Table 3 Europe Grid Scale Battery Market: By Country, 2018-2023
Table 4 Asia-Pacific Grid Scale Battery Market: By Country, 2018-2023
Table 5 RoW Grid Scale Battery Market: By Country, 2018-2023
Table 6 Global Grid Scale Battery Market By Applications Market: By Regions, 2018-2023
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